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Northwell Ventures

North America, New York, United States, New Hyde Park

Description

Northwell Ventures serves as the corporate venture arm of Northwell Health, one of the largest healthcare providers in the United States. Established to foster innovation and strategic growth, its primary mission is to invest in early-stage companies that align with Northwell Health's strategic priorities, aiming to advance medical technology and enhance healthcare delivery. The venture arm plays a crucial role in identifying and nurturing promising startups that can bring transformative solutions to the healthcare landscape, leveraging Northwell's extensive clinical expertise and operational insights.

The investment focus of Northwell Ventures spans critical areas within healthcare, including digital health, medical devices, diagnostics, and therapeutics. Beyond providing capital, Northwell Ventures emphasizes strategic partnerships, offering portfolio companies access to Northwell Health's vast network, clinical trials, and real-world testing environments. This collaborative approach helps accelerate product development, validation, and market adoption, ensuring that innovative solutions are effectively integrated into patient care pathways and health system operations.

Northwell Ventures typically participates in early-stage funding rounds, including Seed, Series A, and Series B. Their initial investment checks have historically ranged from $1 million to $5 million, providing substantial support to emerging companies. As of a 2021 report, the venture arm had already made investments in approximately 10 companies, demonstrating a focused yet active portfolio. These investments are driven by a dual mandate: to generate financial returns and, more importantly, to integrate cutting-edge technologies and solutions that can improve patient outcomes, reduce costs, and enhance the overall efficiency of healthcare services.

Investor Profile

Northwell Ventures has backed more than 21 startups, with 1 new investments in the last 12 months alone. The firm has led 9 rounds, about 43% of its total and boasts 4 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series Unknown, Series B, Series A rounds (top funding stages).
  • Majority of deals are located in United States, Singapore, Ireland.
  • Strong thematic focus on Health Care, Medical, Software.
  • Led 1 rounds in the past year.
  • Typical check size: $1M – $5M.

Stage Focus

  • Series Unknown (38%)
  • Series B (29%)
  • Series A (14%)
  • Seed (14%)
  • Series C (5%)

Country Focus

  • United States (86%)
  • Singapore (10%)
  • Ireland (5%)

Industry Focus

  • Health Care
  • Medical
  • Software
  • Electronic Health Record (Ehr)
  • Mhealth
  • Biotechnology
  • Medical Device
  • Information Technology
  • Artificial Intelligence (Ai)
  • Hospital
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Northwell Ventures frequently co-invest with?

Health Catalyst Capital
North America, New York, United States, New York
Co-Investments: 2
EPIC Ventures
North America, Utah, United States, Salt Lake City
Co-Investments: 2
Builders VC
North America, California, United States, San Francisco
Co-Investments: 2
Heritas Capital
Asia, Central Region, Singapore, Singapore
Co-Investments: 2
GE Ventures
North America, California, United States, Menlo Park
Co-Investments: 2
Nassau Street Ventures
North America, New Hampshire, United States, Manchester
Co-Investments: 2
J-Ventures
North America, California, United States, Palo Alto
Co-Investments: 2
University Hospital Ventures
North America, Ohio, United States, Cleveland
Co-Investments: 2
Alumni Ventures
North America, New Hampshire, United States, Manchester
Co-Investments: 2
P5 Health Ventures
North America, Connecticut, United States, Fairfield
Co-Investments: 3

Which angels does Northwell Ventures often collaborate with?

AA
North America, New York, United States, New York
Shared Deals: 1
NA
North America, California, United States, Palo Alto
Shared Deals: 1
BD
Europe, Leeds, United Kingdom
Shared Deals: 1

What are some of recent deals done by Northwell Ventures?

Clarapath

New York, New York, United States

Clarapath is a medical robotics company that develops the SectionStar, a platform to mimic the human histotechnician.

BiotechnologyHealth CareMedical
Series BJul 24, 2024
Amount Raised: $36,000,000
Holmusk

Singapore, Central Region, Singapore

Holmusk is a provider of healthcare data and technology solutions to support the treatment of mental health and chronic diseases.

AnalyticsArtificial Intelligence (AI)Big DataElectronic Health Record (EHR)Health Care
Series BJan 9, 2023
Amount Raised: $45,000,000
Violet

New York, New York, United States

Violet is a platform that helps the healthcare industry deliver more inclusive services.

Health CareMedicalmHealth
SeedAug 15, 2022
Amount Raised: $5,300,000
Nova Leah

Dundalk, Louth, Ireland

Nova Leah develop expert cybersecurity risk assessment solutions specific for connected medical devices.

ComplianceCyber SecurityEnterprise SoftwareHealth CareMedical DeviceRisk Management
Series UnknownDec 7, 2021
Holmusk

Singapore, Central Region, Singapore

Holmusk is a provider of healthcare data and technology solutions to support the treatment of mental health and chronic diseases.

AnalyticsArtificial Intelligence (AI)Big DataElectronic Health Record (EHR)Health Care
Series UnknownDec 6, 2021
Clarapath

New York, New York, United States

Clarapath is a medical robotics company that develops the SectionStar, a platform to mimic the human histotechnician.

BiotechnologyHealth CareMedical
Series BNov 17, 2021
Amount Raised: $16,000,000
Cognixion

Santa Barbara, California, United States

Cognixion is a neural interface startup creates AI-powered products for individuals with disabilities.

Artificial Intelligence (AI)Augmented RealityMachine LearningNeuroscienceSoftware
SeedNov 16, 2021
Amount Raised: $12,000,000
Conversa Health

Portland, Oregon, United States

Conversa is a virtual care platform that provides automated patient engagement and management.

Electronic Health Record (EHR)Health CaremHealthSoftware
Series BJan 19, 2021
Amount Raised: $8,000,000
Conversa Health

Portland, Oregon, United States

Conversa is a virtual care platform that provides automated patient engagement and management.

Electronic Health Record (EHR)Health CaremHealthSoftware
Series BJun 11, 2020
Amount Raised: $12,000,000
Peerbridge Health

New York, New York, United States

Transforming Remote Healthcare with Advanced AI + the Power of ECG

Health CareMedicalWearablesWireless
Series UnknownNov 19, 2019
Amount Raised: $11,000,000